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ID#441573
Petone
Lower Hutt
PBN
0
0
810m²
(8,718.76 sq.ft.)
1,729m²
(18,610.78 sq.ft.)
proudly marketed by
Lisa Durrant
Team Wellington NAI
Substantial investment opportunity
Substantial investment opportunity
The vendors of this block of 27 studio flats in a prime Petone location are seriously offering this tightly held investment property to the market. Opportunities like this are few and far between.
On offer is approximately 1729m2 of level site with a three-level building housing 27 studio flats. Each flat has an assigned carpark. Located a minute's walk from Jackson Street, this is a highly desirable rental location, with transport, shops and cafes all literally on the doorstep.
This substantial property features:
* 27 studio flats with carparks
* Separate freestanding maintenance storage building
* Gross income of approximately $295,000
* Following refurbishment, potential income of $337,500
* Further development possibility by splitting into individual unit titles for resale
* Investment syndication?
The property will be going to auction in February, unless sold prior. Here is a window of opportunity. Contact Lisa and Jim today for further information.
Māngai
Lisa Durrant
Team Wellington NAI
Licensed Real Estate Salesperson (REAA 2008), He mema o REINZ
Lisa Durrant has been involved in property for more than 25 years, so knows what it means to be a buyer, a seller, property investor and developer both in the city and rural areas. This experience is backed by many years working for award-winning newspapers writing and editing features, including lifestyle and property publications. She has also owned her own communications business and, along with her late husband, a number of well-known Wellington restaurants. Since relocating back to her home town of Wellington six years ago, Lisa has enjoyed a successful career in real estate residential sales. Last year saw her move to the commercial arena, which includes both sales and leasing, followed by her appointment to manage the Wellington commercial division of NAI Harcourts.
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